Timing right come if we do it too we could derail the theast, both th timing right, if we do it too fast we could derail the entire thing. Mark this is bloomberg surveillance and im mark barton. A pmi for manufacturing and services, that is the composite fromed to 55. 9 in october 56. 7. Economists predicted the measure would drop to 56. 5. Job creation in manufacturing rose to the highest levels since Data Collection started in 1997, reflecting strong order inflows. Service Sector Employment also strengthened. You have got to see the recovery is gathering pace, just as the central bank convenes this week to decide on how to gradually pulled back monetary support. Thee is the euro against dollar. The stoxx 600 is a little bit lower today, down by about 0. 2 . Earlier it was up for the third consecutive day. The bloomberg dollar spot index is rising for the third day, the highest level since july 13. Investors eagerly awaiting President Trumps pick for the next fed chair. Theres a conse
Today. They are all falling led by greece. Down by over 1 . European stocks falling for the fifth day. Worst run since may. Sterling is down. We will come to that with David Blanchflower. Finalcommodities is your three columns. A quick peek at the european economy. Its on track for its best year in a decade. Headed towards a golden period. Still, the recovery is lagging behind that of the u. K. And the u. S. Growth is nowhere near levels recorded at the start of the millennium. Unemployment in the periphery still exceeds 10 . This is from 2008. Thats the starting block. Real gdp. Lets get to brent crude. Hedge fund bets on rising brent crude prices hitting a record high. Continued tensions in the middle east sending prices to their highest level in two years. Raising their net long positions by two point 4 to a record. 543,069 contracts in the weekend of november the seventh. Long surging by 2 to an alltime high. Short tumbling 2 to the lowest level in more than a month. China. Nt to m
Laura davidson. Capitol Hill Reporter for bloomberg tax, a division of bloomberg that derives news, indepth analysis, primary sources and practice tools for dealing with International Tax issues. Welcome. We need all of that. Practical news, tips, tell us what is going on with tax reform. They over in the senate will begin the market. The Senate Finance committee will be going through blind byline of their bill and senators can offer amendments. We expect to see changes on the senate side, particularly the taxation. The scorekeepers came out with their analysis. It shows middle and upper middle income people as much as 30 could see a tax increase. We expect a lot of pushback from democrats. Numbers are not showing that. Over in the house, they are prepping for a vote. Tonight they will begin counting the members of the house, they need to get their caucus on board. They can lose 20, 22 members. There are some republicans from new york, new jersey, california who are looking at state an
10 points off the record high we saw last week. Things get more interesting if we go into the individual movers, particularly when it comes to mna. Startoking at shggp to trading at speculation rumors. Some analysts saying it might be worth more like 28 a share. Ggp getting a little boost today. Qualcomm trading higher. It formally rejected broadcoms offer this morning at 70 a share. They said if that were to get to offer, you might see shareholders a little more excited about this deal. That is what is going on over in land. Let us look at square and twitter. Square, it raised to 44 a share over 38 a share. That stock of more than 1 . Twitter has been getting a lot of the headlines, but it is square that has been the big driver when it comes to growth this year. Come into my terminal. Were looking at the market cap square just surpassed that of twitter last week. You know how square was over 15 billion . In blue, we have twitter here at about 14. 8 billion. Jack dorseys stake in squar
And alongside mark barton in london. We are discussing the horrific attack in manchester. Mark at least 22 people were killed in this suicide bombing at a pop concert filled with children. 59 others have been injured in the attack carried out by one man who died after, detonating an explosive device. The blast happened at 10 35 p. M. Police are treating it as a terrorist attack and eyewitness accounts described shrapnel wounds consistent with a nail bomb. It is the worst attack on british soil since the london bombings in 2005. This comes two months after a lone assailant left five people dead outside the houses of parliament. Children were among the victims. The assault does come during the middle of a general Election Campaign. The parties say they will suspend activities. Right now, Prime Minister may is chairing ameeting of the governments emergency committee, which brings together ministers and security officials. We have heard some comments from various dignitaries abroad, Angela